ANALYST ALERT: Bidding set to begin at second ERF auction

Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

Bidding will open on Wednesday for the second Emissions Reduction Fund (ERF) auction, which will run from November 4-5, operated by the Clean Energy Regulator.

Below, we outline our expectations for the second auction and implications for the supply of abatement towards Australia’s 2020 emissions reduction task.

Size matters?

As of 30th October 2015, applicants have registered 277 projects since the first ERF auction, with 87 projects registered in July alone as land-use proponents sought to mitigate the risk of a possible ‘early’ auction in line with the quarterly schedule initially proposed by the government.

Including the overhang of projects that failed to win contracts at the first ERF auction, 384 projects are currently registered in time for the second auction.

After avoided land clearing and landfill gas projects dominated the first auction, auction two will see a shift towards regeneration of forests, savannah burning, and industrial activities. 93 per cent of all projects are registered to land-use and waste proponents, while just 7 per cent are attributed to industry.

While industry accounts for only a small number projects registered, the size of those projects means that

Restricted Access

To continue reading this post, register below.

Continue reading this article

To continue reading this free article, simply click “register now” to access our free insights & events.

Access is free, and instant! Sign up below.

Register Now

Sign up to receive our research alerts

Create a free account to access our free insights and event invitations, and receive our research alerts via email. Access is complimentary, and instant. Sign up below:

Sign up for regular insights

LATEST UPDATES

  • Could LGCs boost carbon offset liquidity, and support renewable energy investment?

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    The Large-scale Renewable Energy Target (LRET) requires liable entities to meet their compliance obligations by […]

    Insights, Research Insights | October 13th, 2020
  • WEBINAR: Wholesale electricity price forecast for the National Electricity Market

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    In this event, we discuss the outcomes of our latest quarterly Australian Electricity Outlook (AEO) […]

    Research Insights, Webinars | September 14th, 2020
  • Perfect storm drives down NEM wholesale electricity prices, but “the only way is up”?

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    In this update, we discuss our expectations for wholesale prices in the National Electricity Market […]

    Research Insights | August 25th, 2020
  • OUTLOOK: NEM wholesale electricity and LGC price forecast 2020-40 (Q4 FY20)

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    Dear Subscriber, Our latest Australian Electricity Outlook (AEO) for medium- and long-term price development in […]

    Outlook, Research Insights | August 21st, 2020
  • WEBINAR: Where to for Australian carbon offset prices under current policy?

    Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone

    As the federal government considers changes to its climate policy framework, including new Safeguard Mechanism […]

    Research Insights | July 13th, 2020
  • Share on FacebookShare on Google+Tweet about this on TwitterShare on LinkedInEmail this to someone